Department of State Bulletin

'V/m THE DEPARTMENT OF STATE BULLETIN Volume LXXII No. 1878 June 23, 1975 SECRETARY KISSINGER ATTENDS lEA AND OECD MEETINGS AT PARIS Statements, Informal Remarks, and Texts of Communiques 837 PANAMA AND THE UNITED STATES: TOWARD A NEW RELATIONSHIP Address by Ambassador at Large Ellsworth Bunker 859 THE UNITED STATES AND THE FUTURE OF THE UNITED NATIONS Statement by Ambassador John Scali 865 THE OFFICIAL WEEKLY RECORD OF UNITED STATES FOREIGN POLICY For index see inside hack cover THE DEPARTMENT OF STATE B U L L E T I Vol. LXXII, No. 1878 June 23, 1975 The Department of State BULLETIi^ a weekly publication issued by th Office of Media Services, Bureau Public Affairs, provides the public an interested agencies of the governmen with information on developments I'/l the field of U.S. foreign relations and on the work of the Department and the Foreign Service. The BULLETIN includes selected press releases on foreign policy, issued by the YVhite House and the Depart' ment, and statements, addresses, and news conferences of the President and the Secretary of State and other For sale by the Superintendent of Documents U.S. Government Printing Office officers of the Department, as well as Washington, D.C. 20402 special articles on various phases of PRICE: international affairs and the functions 52 issues plus semiannual indexes, of the Department. Information is domestic S42.60, foreign $53.13 included concerning treaties and inter- Single copy 85 cents national agreements to which the Use of funds for printing this publication United States is or may become a approved by the Director of the Office of Management and Budget (January 29, 1971). party and on treaties of general inter- Note: Contents of this publication are not national interest. copyrighted and items contained herein may be Publications of the Department of reprinted. Citation of the DEPARTMENT OF State, United Nations documents, and STATE BULLETIN as the source will be legislative material in the field of appreciated. The BULLETIN is indexed in the Readers' Guide to Periodical Literature. international relations are also listed. Secretary Kissinger Attends lEA and OECD Meetings at Paris Secretary Kissinger visited Paris May 26- REMARKS TO THE PRESS, MAY 27 ' >8, where he headed the U.S. delegations to What is the best birthday present you he nmiisterial meetings of the Governing Q. could ivish? 3oard of the International Energy Agency lEA) and the Council of the Organization Secretary Kissinger: Just to continue to or Economic Cooperation and Development make progress toward peace in all areas. 'OECD). Following are his arrival state- The President and I had a very good, a nent, his statements in the meetings, and a very cordial talk. We reviewed the state of lews conference and informal remarks, to- our bilateral relations, which I judge to be lether ivith the texts of a communique issued excellent. The President explained his views it the conclusion of the IEA meeting and a about the formation of Europe, with which •ommuniqne and declaration issued at the we are in general agreement. He informed •onclusion of the OECD meeting. me of the French contacts with various energy producers, and I told him of similar contacts that the United States had had. We ARRIVAL STATEMENT, MAY 26 discussed the energy preparatory conference in the spirit of reconvening it. We think the »ress release 299 dated May 27 conditions are favorable to resume the work Ladies and gentlemen: Secretary Simon of the preparatory conference, and the [William E. Simon, Secretary of the Treas- United States will support whatever efforts ury] and I are here to attend the meetings France may make as the convening power )f the International Energy Agency and to reassemble the conference. )f the OECD, two institutions which are Q. When do you expect the conference to designed to deal with the problem of inter- resume, sir? dependence of the industrialized societies as Secretary Kissinger: Well, this we will well as of the relationship of the industrial- have to discuss, of course, in detail, and we ized societies with the developing countries. will have to discuss it with some of our We consider the problems of energy, the also the lEA, but I think within the problems of growth, and the problem of partners in months. the relationship between the industrialized next and the developing countries among the prin- Q. Did you talk about the Middle East, cipal issues of our time. sir? We have come here with an attitude of Secretary Kissinger: We had just a very cooperation and with the conviction that only brief discussion, a brief reference. through the close cooperation of the coun- Q. And the Atlantic alliance? tries that will be represented here can major Secretary Kissinger: We discussed the At- progress be possible. While I am here, I lantic alliance and the forthcoming meeting also look forward to an opportunity to ex- President and President Ford. change ideas with the President of France, between your who has kindly invited me to breakfast to- ' Made following a breakfast meeting with Presi- morrow with several other colleagues. dent Valery Giscard d'Estaing of France (text from Thank you very much. press release 301). June 23, 1975 837 — : Q. What do yon expect from the vieet- energy system capable of providing, on tei ti- ing betiveen President Ford and President fair to all, the fuels needed to continue and Sadat? extend the progress of our economies and our societies. path Secretary Kissinger: As I pointed out be- The that the members of this fore, we would like to learn the precise views Agency have chosen begins with con- of the President of Egypt about how peace sumer solidarity. But a durable interna- in the Middle East can be advanced. We, of tional system must ultimately encompass, course, have been undertaking an assessment and be built by, both the consumers and of our policy, and we will inform President the producers of the world's energy. Sadat of our present tentative thinking This Agency has made remarkable prog-" ress which will not be concluded until we have since the Washington Energy Confer- also talked to Prime Minister Rabin [of ence 15 months ago. We recognized at Israel]. But we will make clear, as we have Washington that the energy crisis was the stated repeatedly publicly, that the United most severe challenge to industrial civilization since States is not prepared to accept a diplomatic the Second World War. For a stalemate in the Middle East and that we generation North America, Europe, and are convinced that progress toward peace in Japan increasingly allowed oil imports to the Middle East must continue. replace their own energy production. In 1950 the industrialized world imported 5 The press: Thank yon, sir. percent of its requirements. In 1960, this had grown to 17 percent; by 1972, it had STATEMENT BEFORE MINISTERIAL MEETING reached 39 percent. OF THE lEA GOVERNING BOARD, MAY 27 The embargo and price rises of 1973 taught us how vulnerable we had become. We saw that neither the supply nor the Today we begin a week of deliberation price of a central factor in our economies on the central problems of the industrial was any longer under our control. Our well- democracies: energy, economic prosperity, being and progress had become hostage to the building of a constructive relationship decisions in which we could not take part. with the developing nations, and insuring At the Washington Energy Conference we recognized the security of our own countries. that only collective action could reduce our excessive dependence on Of these, no issue is more basic to the imported oil and restore future than the challenge of energy. The to our governments mastery over our fundamental achievements of our economies, own economies and foreign policies. Separately could and the modern civilization they sustain, we never create conditions for lower oil prices. have been built upon the ready availability Nor could any one of us, except at exorbitant of energy at reasonable prices. cost, defend against a new embargo. Our security, our eco- The energy crisis of 1973 first brought nomic growth, our role in the home to us the full implications of the new world, were reality of global interdependence. Energy at risk. Nothing so stands as the first and most fundamental of vividly demonstrates the co- operative vitality of industrial these new problems; its magnitude compels the democracies as the us to cooperation. Without that cooperation, speed and imagination with which this acted we risk a return to nationalistic rivalry and Agency on these conclusions. It articulated a economic decline comparable to the bitter realistic strategy for attack- ing the problems of price and experience of the thirties. Now all nations supply and rich and poor, industrialized and develop- launched a series of major steps which to- gether make up the ing—must decide whether growing inter- elements of a compre- hensive dependence will foster common progress or program common disaster. —To safeguard against future energy Our objective must be to construct a world emergencies, we committed ourselves to build 838 Department of State Bulletin stocks of oil and, in the event of an embargo, prices, and even larger cutbacks to support to cut our consumption by an equal per- an increase. Individual producers, especial- centage and to share available oil. ly those with ambitious development, de- —For financial solidarity, the nations com- fense, and other spending programs, will be prising the OECD agreed on a fund of $25 under pressure to increase sales or at least billion to protect against financial disruption to refuse further production cuts.

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